Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 38.77% is 18% below its 5-year average of 47.25%, around the middle of its 5-year range (1.08%–77.31%).
0.64% above its 12-month average of 38.52%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 1.08%.
GROSS MARGIN
38.77%
GROSS MARGIN AVG TTM
38.52%
GROSS MARGIN AVG 3Y
43.75%
GROSS MARGIN AVG 5Y
47.25%
GROSS MARGIN AVG 10Y
39.76%
GROSS MARGIN AVG 15Y
39.17%
GROSS MARGIN AVG 20Y
51.07%
CURRENT VS TTM AVG
+0.64%
CURRENT VS 3Y AVG
-11.38%
CURRENT VS 5Y AVG
-17.95%
CURRENT VS 10Y AVG
-2.48%
CURRENT VS 15Y AVG
-1.02%
CURRENT VS 20Y AVG
-24.09%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+26.82%
vs the sector median at left
Market Cap
$20.38B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
Market Cap
$10.31B
Gross Margin
62.92%
TTM Avg
64.44%
3Y Avg
63.13%
5Y Avg
63.71%
Market Cap
$7.26B
Gross Margin
49.28%
TTM Avg
61.84%
3Y Avg
57.34%
5Y Avg
45.19%
Market Cap
$23.82B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$6.10B
Gross Margin
21.70%
TTM Avg
28.16%
3Y Avg
30.12%
5Y Avg
28.30%
Market Cap
$4.68B
Gross Margin
46.42%
TTM Avg
40.13%
3Y Avg
45.19%
5Y Avg
42.41%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| APA Corporation (APA) | $15.52B | 38.77% | 38.52% | 43.75% | 47.25% |
| Nextpower Inc. (NXT)vs › | $12.67B | 33.38% | 33.16% | 27.27% | 23.09% |
| Expand Energy Corporation (EXE)vs › | $20.38B | 46.51% | 36.77% | 52.41% | 42.45% |
| Antero Midstream Corporation (AM)vs › | $10.31B | 62.92% | 64.44% | 63.13% | 63.71% |
| First Solar, Inc. (FSLR)vs › | $21.54B | 44.02% | 42.39% | 31.66% | 29.45% |
| Vista Energy, S.A.B. de C.V. (VIST)vs › | $7.26B | 49.28% | 61.84% | 57.34% | 45.19% |
| Texas Pacific Land Corporation (TPL)vs › | $23.82B | 85.46% | 87.68% | 90.69% | 90.91% |
| Weatherford International plc (WFRD)vs › | $6.10B | 21.70% | 28.16% | 30.12% | 28.30% |
| California Resources Corp (CRC)vs › | $4.68B | 46.42% | 40.13% | 45.19% | 42.41% |
| Oceaneering International, Inc. (OII)vs › | $4.61B | 19.82% | 19.33% | 17.50% | 15.52% |
Gross Margin
38.8%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 1.08% |
| 2026-03-31 | 77.31% |
| 2025-12-31 | 39.23% |
| 2025-09-30 | 38.68% |
| 2025-06-30 | 36.32% |
| 2025-03-31 | 38.24% |
| 2024-12-31 | 40.52% |
| 2024-09-30 | 43.58% |
| 2024-06-30 | 45.77% |
| 2024-03-31 | 47.98% |
| 2023-12-31 | 51.27% |
| 2023-09-30 | 51.82% |
| 2023-06-30 | 47.83% |
| 2023-03-31 | 52.84% |
| 2022-12-31 | 53.56% |
| 2022-09-30 | 53.38% |
| 2022-06-30 | 58.68% |
| 2022-03-31 | 60.02% |
| 2021-12-31 | 48.37% |
| 2021-09-30 | 45.85% |
| 2021-06-30 | 43.91% |
| 2021-03-31 | 38.11% |
| 2020-12-31 | 28.06% |
| 2020-09-30 | 29.02% |
| 2020-06-30 | -6.38% |
| 2020-03-31 | 21.28% |
| 2019-12-31 | 29.85% |
| 2019-09-30 | 20.03% |
| 2019-06-30 | 32.29% |
| 2019-03-31 | 32.22% |
| 2018-12-31 | 36.93% |
| 2018-09-30 | 45.14% |
| 2018-06-30 | 45.97% |
| 2018-03-31 | 42.82% |
| 2017-12-31 | 42.56% |
| 2017-09-30 | 31.17% |
| 2017-06-30 | 26.30% |
| 2017-03-31 | 35.91% |
| 2016-12-31 | 28.32% |
| 2016-09-30 | 24.88% |
| 2016-06-30 | 22.08% |
| 2016-03-31 | -1.93% |
| 2015-12-31 | -565.27% |
| 2015-09-30 | -354.01% |
| 2015-06-30 | 32.89% |
| 2015-03-31 | -389.42% |
| 2014-12-31 | -82.74% |
| 2014-09-30 | -6.57% |
| 2014-06-30 | 38.46% |
| 2014-03-31 | 48.64% |
| 2013-12-31 | 36.00% |
| 2013-09-30 | 28.31% |
| 2013-06-30 | 42.19% |
| 2013-03-31 | 47.60% |
| 2012-12-31 | 48.36% |
| 2012-09-30 | 29.58% |
| 2012-06-30 | 31.55% |
| 2012-03-31 | 44.13% |
| 2011-12-31 | 98.25% |
| 2011-09-30 | 58.01% |
| 2011-06-30 | 98.32% |
| 2011-03-31 | 82.19% |
| 2010-12-31 | 98.49% |
| 2010-09-30 | 98.57% |
| 2010-06-30 | 83.55% |
| 2010-03-31 | 82.02% |
| 2009-12-31 | 82.25% |
| 2009-09-30 | 98.45% |
| 2009-06-30 | 79.04% |
| 2009-03-31 | 73.63% |
| 2008-12-31 | 70.51% |
| 2008-09-30 | 84.23% |
| 2008-06-30 | 87.53% |
| 2008-03-31 | 84.45% |
| 2007-12-31 | 83.35% |
| 2007-09-30 | 81.87% |
| 2007-06-30 | 81.63% |
| 2007-03-31 | 79.21% |
| 2006-12-31 | 78.43% |
| 2006-09-30 | 82.91% |
| 2006-06-30 | 83.78% |
| 2006-03-31 | 84.11% |
| 2005-12-31 | 85.79% |
| 2005-09-30 | 85.27% |
| 2005-06-30 | 83.99% |
| 2005-03-31 | 84.54% |
| 2004-12-31 | 84.80% |
| 2004-09-30 | 83.89% |
| 2004-06-30 | 81.60% |
| 2004-03-31 | 80.38% |
| 2003-12-31 | 81.11% |
| 2003-09-30 | 80.85% |
| 2003-06-30 | 80.90% |
| 2003-03-31 | 84.90% |
| 2002-12-31 | 82.40% |
| 2002-09-30 | 80.29% |
